Pixelworks Inc. [NASDAQ: PXLW] closed the trading session at $3.63 on 05/06/21. The day’s price range saw the stock hit a low of $3.04, while the highest price level was $3.86. The company report on May 5, 2021 that Pixelworks Reports First Quarter 2021 Financial Results.
Achieves Record Mobile Revenue, Increasing 91% Sequentially and 58% Year-over-Year to 44% of Total Revenue.
Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, announced financial results for the first quarter ended March 31, 2021.
The stocks have a year to date performance of 28.72 percent and weekly performance of 16.35 percent. The stock has been moved at 73.68 percent over the last six months. The stock has performed 11.35 percent around the most recent 30 days and changed 2.83 percent over the most recent 3-months.
If compared to the average trading volume of 648.14K shares, PXLW reached to a volume of 11076063 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Pixelworks Inc. [PXLW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PXLW shares is $5.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PXLW stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Lake Street have made an estimate for Pixelworks Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 07, 2020. The new note on the price target was released on November 01, 2019, representing the official price target for Pixelworks Inc. stock. Previously, the target price had yet another drop from $6.50 to $5.50, while Dougherty & Company kept a Buy rating on PXLW stock.
The Average True Range (ATR) for Pixelworks Inc. is set at 0.23, with the Price to Sales ratio for PXLW stock in the period of the last 12 months amounting to 4.90. The Price to Book ratio for the last quarter was 3.00, with the Price to Cash per share for the same quarter was set at 0.57.
PXLW stock trade performance evaluation
Pixelworks Inc. [PXLW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.35. With this latest performance, PXLW shares gained by 11.35% in over the last four-week period, additionally plugging by 73.68% over the last 6 months – not to mention a rise of 3.42% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PXLW stock in for the last two-week period is set at 64.24, with the RSI for the last a single of trading hit 72.61, and the three-weeks RSI is set at 59.03 for Pixelworks Inc. [PXLW]. The present Moving Average for the last 50 days of trading for this stock 3.34, while it was recorded at 3.14 for the last single week of trading, and 2.89 for the last 200 days.
Pixelworks Inc. [PXLW]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Pixelworks Inc. [PXLW] shares currently have an operating margin of -59.00 and a Gross Margin at +49.09. Pixelworks Inc.’s Net Margin is presently recorded at -64.93.
Return on Total Capital for PXLW is now -41.47, given the latest momentum, and Return on Invested Capital for the company is -48.06. Return on Equity for this stock declined to -52.85, with Return on Assets sitting at -38.81. When it comes to the capital structure of this company, Pixelworks Inc. [PXLW] has a Total Debt to Total Equity ratio set at 16.42. Additionally, PXLW Total Debt to Total Capital is recorded at 14.10, with Total Debt to Total Assets ending up at 12.05. Long-Term Debt to Equity for the company is recorded at 10.13, with the Long-Term Debt to Total Capital now at 8.70.
Reflecting on the efficiency of the workforce at the company, Pixelworks Inc. [PXLW] managed to generate an average of -$134,665 per employee. Receivables Turnover for the company is 5.24 with a Total Asset Turnover recorded at a value of 0.60.Pixelworks Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.50 and a Current Ratio set at 3.70.
Earnings per share (EPS) analysis for Pixelworks Inc. [PXLW] stock
With the latest financial reports released by the company, Pixelworks Inc. posted -0.1/share EPS, while the average EPS was predicted by analysts to be reported at -0.1/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PXLW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Pixelworks Inc. go to 15.00%.
Pixelworks Inc. [PXLW]: Insider Ownership positions
There are presently around $57 million, or 35.10% of PXLW stock, in the hands of institutional investors. The top three institutional holders of PXLW stocks are: BLACKROCK INC. with ownership of 2,561,271, which is approximately 3.289% of the company’s market cap and around 4.70% of the total institutional ownership; VANGUARD GROUP INC, holding 2,319,764 shares of the stock with an approximate value of $7.52 million in PXLW stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $4.97 million in PXLW stock with ownership of nearly -13.628% of the company’s market capitalization.
Positions in Pixelworks Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 43 institutional holders increased their position in Pixelworks Inc. [NASDAQ:PXLW] by around 4,839,396 shares. Additionally, 28 investors decreased positions by around 3,000,396 shares, while 13 investors held positions by with 9,877,338 shares. The mentioned changes placed institutional holdings at 17,717,130 shares, according to the latest SEC report filing. PXLW stock had 11 new institutional investments in for a total of 2,866,509 shares, while 6 institutional investors sold positions of 1,566,482 shares during the same period.